Question
Consider a utility function for the following form, U=4x+2y. Assume that the price of x is equal to $3, the price of y is equal
Consider a utility function for the following form, U=4x+2y. Assume that the price of x is equal to $3, the price of y is equal to $2 and income is equal to 30.
Enter the number for the optimal amount of x that this person should consume?
Enter the number for the optimal amount of y that this person should consume?
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International Management Culture, Strategy and Behavior
Authors: Fred Luthans, Jonathan Doh
10th edition
1259705072, 1259705076, 978-1259705076
